TSLA : its now or never!TSLA is coiling to make a large directional move.
The Question is...up or down?
With August appraoching quickly, this could be a key pivotal shift in TSLA business model
Once they announce their ROBO - TAXI, this could be a huge winning success for the company and stock .
A ROBO - TAXI could be a mega disruption for many sectors and companies.
I think theres a strong chance that investors are going to start bidding up this name ahead of that 1st week of August in anticipation of the massive launch.
Keep in mind with every new launch comes hiccups and capital expenditures so its not always smooth sailing.
Lets face it though...no other company has attempted this yet and if anyone can have success it would be Elon.
I also think now that Elons pay package has been approved, he really is incentivized to grow this business.
Will his Optimus Robot be the new taxi, uber or Lyft drivers?
ELON
TSLA / NVIDIA / INTC - The rotation trade?TSLA has been upderperfing the market, but is now showing some signs of potential life since Elon musks pay package was approved.
A bullish breakout pattern is on watch.
NASDAQ:INTC looks ready for a bullish move. Just like NASDAQ:ADBE & NASDAQ:TSLA popped on earnings, it looks like NASDAQ:INTC could be the next oversold S&P500 stock to bounce.
If we see any weakness in NASDAQ:NVDA we may see capital rotate into other cheaper semis.
S&P500 setting nee ATH.
Meme Coins Up Next? Doge DogecoinWill Elon lean into Dogecoin like Roaring kitty(Keith Gill) leaned into GameStop( NYSE:GME )? Meme Stocks are taking off again. What about the meme crypto coins? Is it time to start looking into crypto trades? Doge is finding support at the 200 and 100 EMAs. Doge just needs to breakout to the upside. Doge is one to watch. If you are not into direct crypto, look into Coinbase( NASDAQ:COIN ) stock, bitcoin ETFs or Meme crypto miner stock.
$ELON Bullish Trade it if you want to.
Elon is bullish for a short scalp long trade as mentioned in picture.
Closes above box will pump harder.
Take entries and enjoy the profits.
Dont forget to follow and share :)
Dogelon Mars (ELON)Dogelon Mars is another dog-themed meme coin on Ethereum and Polygon that followed other successful dog coins like Dogecoin, Shiba Inu, and Floki Inu. Anyway, Elon's chart is simple, a sharp upward wave started after Elon broke the triangle pattern in which it was oscillating. Then, the correction phase started which unfolded in a big inverted wedge pattern. Now it seems Elon started an upward wave to break this inverted wedge upward. Let's see what happens.
Elon to Mars or to drop dead?This weekly price action of Dogelon Mars (ELON) against Tether (USDT). Here's a detailed technical analysis based on my above chart:
Descending Triangle Breakout (2022-2023) : The price formed a descending triangle, which is typically a bearish continuation pattern. However, in this case, it led to a breakout to the upside in early 2023.
Ascending Channel (2023-2024) : Post-breakout, the price action has been following an ascending channel, with higher highs and higher lows. The channel is marked by two parallel trendlines indicating a gradual upward trend.
Resistance Levels:
0.0000002383 USDT : This level acted as resistance multiple times. The price struggled to break above it in May 2023 and again in early 2024.
0.0000003992 USDT : This level marked a significant resistance point and a potential target for the next upward movement.
0.0000005180 USDT : This is the major resistance level to watch if the price breaks above the 0.0000003992 USDT resistance.
Support Levels :
0.0000001745 USDT : This is the immediate support level. The price has tested this level multiple times, indicating its significance.
0.0000001244 USDT : This is a major support level and acts as the lower boundary of the ascending channel.
The Stochastic RSI at the bottom of the chart is showing a crossover in the oversold region (below 20), indicating a potential bullish reversal. The blue line crossing above the orange line is a buy signal.
Potential Bullish Scenario :
- If the price respects the lower trendline of the ascending channel and the Stochastic RSI confirms a bullish crossover, there could be a rally towards the immediate resistance at 0.0000002383 USDT.
- A successful breakout above 0.0000002383 USDT could lead the price to test the next resistance at 0.0000003992 USDT and possibly 0.0000005180 USDT.
Bearish Scenario:
- If the price fails to hold the support at 0.0000001745 USDT, a breakdown could occur, potentially leading the price to retest the major support at 0.0000001244 USDT.
- A breakdown below 0.0000001244 USDT would invalidate the ascending channel pattern and could lead to further downside.
TESLA 130 AFTER EARNINGS !! High Valuation: Tesla’s market capitalization has skyrocketed in recent years, leading some to argue that its current valuation is not justified by its earnings or sales figures. If these critics are correct, Tesla’s stock could be overpriced, and a market correction could be on the horizon.
2. Competition: The EV market is becoming increasingly crowded. Traditional automakers like General Motors and Ford are ramping up their EV production, and newcomers like Rivian are making waves as well. Increased competition could erode Tesla’s market share.
3. Regulatory Risks: Tesla operates in a highly regulated industry. Changes in policies related to EVs, self-driving technologies, or environmental standards could have a significant impact on Tesla’s operations.
4. Production and Delivery Challenges: Tesla has faced criticism for production delays and quality control issues in the past. If these problems persist, they could harm Tesla’s reputation and bottom line.
Looks like DOGE is well rested for a run Looks like an explosive move to the upside is coming.
Buckle up, If it goes under .072, I'd consider buying.
Maybe .068 for this trend, idk it's a strong trend, and as long as a crash is quick, this trend can hold. Meaning, if it drops sharp to .0616 or so.. HUGE BUY for a quick return to trend and probably over.
DOGE DOGE DOGE, HE is a good boy, the BEST BOY. Wow,
Trends,
Elon,
X,
Doge,
Tipping,
Buying,
Selling,
bounce to 50 cents incoming.
DOGE NEW INCREASE VOLUMEThank you for reading this update.
Depending on our study we see that DOGE has a good chance of volume increase.
This updates depending on day trade, And the market should confirm with time the right market way.
#Nottradingadvice
#For Day traders take always profits when the market increase
#Expect nothing from the markets, but follow what it shows.
a weekly price action after hour update - tesla #4Good Day and I hope you are well,
prev. outlook from 2024-03-13
Quote from my #3 Tesla update:
"tl;dr: do or die here at 170 for the bulls. If we break below the bear channel line, bulls covering will fuel this further. Strongly bearish."
and the second quote:
"bear case: Nothing bullish about this stock at all. Bears are in full control and selling everything. If they manage to break below the bear channel, the long covering will accelerate it to 150 but probably not much further before earnings. If earnings are as bad as i expect, the remaining die hard bulls will give up. Except for Cathy. This stock and her fund will go down in 2024."
bull case: If bulls somehow manage to keep this above 150 and they can break above the bear wedge and close above the daily 20ema, there is a chance this stock could trade sideways probably between 160 and 200.
bear case: If 150 breaks, next stop is 100-110. Earnings will officially be released on 2024-04-23 after hours. So don't get fooled by all the reports. They just reported one part of their abysmal earnings. The rest will bring us below 150 and the long covering will be epic. This stock is going two digit in 2024.
short term: 150-160, earnings in 2 weeks should bring us below 150 and on our way to 100-110.
medium-long term: 100-110 where it might go sideways for a longer time. If they survive obvioously.
SHIB, IS IT TIME TO TAKE SHIB BEHIND THE BARN? PREP FOR DIPPotential SHIB trade.
Would look something like this if it was to occur.
Chances that it looks this clean (orange arrow) is not likely.
However, if price rides a steep trend down, and we catch some mega support under some previous support, we're likely to have a very favorable trade.
Basically, this chart is prepping for a potential drop on the yellow circle trend breaks. SHOULD we see a drop, there is no reason to panic, as theoretically, if you viewed this chart, you should be prepared to buy this dip.
Now, does it go as low as .000007 or can it hold .000009. IMO, it is more likely to favor the lower price target.
This price target catching (Maybe even on a wick, within the week, or day), implies favorable odds all the way over .00001
Should this dip not occur, the price targets and trends are still relevant, however, the chart is primarily for prep of the potential drop showing on the charts.
If we reject off our top price target in our trade window, we'd look to buy the dip right around .0000098, waiting to see if we catch more support and see some higher numbers building.
BITCOIN, WTF TRENDS EDITIONBitcoin has some crazy trends.
But everyone says I'm crazy, so I've really got nothing to lose, haha.
Basically, everything is overextended, but not really.. if that makes any sense.
It puts bitcoin rejecting somewhere between now and 48k, and dropping to like 32k, which then has it returning to 54, which then has it going to like 12k, which then shows 120k.
How likely is this scenario? LOW. Very low, and even lower that it is similar to what I've drawn.
But also.. Not impossible.
So, here it is. IF it should happen like this, you'll be prepared to buy into some massive fear.
If it doesn't happen. Then trends and price targets are still relevant.
a weekly price action market recap and outlook - tesla #3Good evening and i hope you are well.
tl;dr: do or die here at 170 for the bulls. If we break below the bear channel line, bulls covering will fuel this further. Strongly bearish.
Last week i wrote the following:
"bear case: Price action wise was this a wedge bear flag which broke down and now market will test 175 if there are more buyers than sellers. Not rocket science so far."
I still did not adjust my wave thesis since 2024-02-11. I added a sub w5 for the bigger w3 to make it clearer what i expect the next weeks.
bull case: Do or die here at 170. The bear channel has to hold or we will flush down to around 150. If bulls manage to hold 170, we could probably see sideways movement to the upper bear channel, where i expect stronger selling again. Bulls can probably only stall the market until next earnings 2024-04-17 and pray for a elon miracle.
bear case: Nothing bullish about this stock at all. Bears are in full control and selling everything. If they manage to break below the bear channel, the long covering will accelerate it to 150 but probably not much further before earnings. If earnings are as bad as i expect, the remaining die hard bulls will give up. Except for Cathy. This stock and her fund will go down in 2024.
short term: below the bear trend line is hell for bulls - if we bounce here, probably sideways till earnings between 167 - 180
medium-long term: down - what would change that? trading above 270 --unchanged outlook
Pattern Trading in ELONUSDT Dogelon ChartTrading Setup:
There is a Trading Signal to Buy in ELONUSDT Dogelon (4h) (Spot)
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 0.0000003133
⭕️SL @ 0.0000002442
🔵TP1 @ 0.0000005526
🔵TP2 @ 0.0000006841
🔵TP3 @ 0.0000008675
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
If you liked our ideas, please support us with your likes 👍 and comments .
ELON SEND IT TO $1Open a new position since the last one led to a stop loss.
by market price SL 0.14541
The limit orders remains open.
Follow risk!
a weekly price action market recap and outlook - tesla #2Good evening and i hope you are well.
I did not adjust my wave outlook since 2024-02-11 and so far it's pretty perfect. My thesis is we are in w3 and this will be a treat. Late and perma bulls are still long and or will buy 180/175. So if this bear channel breaks down, the short covering will be epic.
Market was/is at the strongest and this stock is in a broad bear channel. The next months the earnings will deteriorate and then we will see where the market thinks this stock is fairly priced. All bubbles pop or deflate, this is deflating. Elon won't even save it with 69 new AI announcements for the reminder of the year. If sh** really hit's the fan, he will be margin called because of x financing and this will fuel the sell off further.
bull case: Bulls pray that 175 will hold and they buy the double bottom. If it holds, they want to touch the upper bear channel line around 240 again but i would expect 200 to be bigger resistance then.
bear case: Price action wise was this a wedge bear flag which broke down and now market will test 175 if there are more buyers than sellers. Not rocket science so far.
short term: wait for market reaction at 175 and follow the trend there. we might go sideways first but i think the general market sell off will accelerate over the next weeks
medium-long term: down - what would change that? trading above 270
DOGE , long time no seeDOGE breakout above $0.090
MACD slope up with bullish momentum.
next strong resistance for DOGE at 0.105.
with current market sentiment, we believe DOGE has the potential to clear 0.105.
DYODD
TESLA 206 - 216 - 230 TP
Why Tesla is Poised for a Bull Run
Tesla Inc., the leading electric vehicle (EV) manufacturer, has shown remarkable resilience and growth potential, making it a strong candidate for a bull run. Here are some key reasons:
1. Strong Financial Performance
Tesla’s financial performance has been impressive. The company’s revenue reached $81.5 billion in 20221, and its stock price has seen a 5-year total return of 795.71%, placing it in the top 10% of its industry2. Despite a decrease in net income in Q3 20233, Tesla’s overall financial health remains strong.
2. Market Leadership
Tesla continues to lead the EV market. It was the most valuable automotive brand worldwide as of June 20231 and led the battery-electric vehicle market in sales1. Despite increased competition, Tesla’s market share in the U.S. and Canada is growing, heading towards 3%, while in Europe and China, 2% is within range4.
3. Production and Delivery Growth
Tesla’s vehicle deliveries reached a record 1.31 million units in 20221, showing a steady year-over-year growth. The company’s long-term target is to increase electric car sales by an average of 50% year-over-year4.
4. Expansion Plans
Tesla is expanding its manufacturing capacity with new factories in Germany and Texas5. These new facilities will help meet the growing demand for Tesla’s vehicles, potentially driving further growth.
5. Innovative Product Line
Tesla is not resting on its laurels. The company plans to launch new models, including the Cybertruck, Semi, and Roadster6. The introduction of these new vehicles could attract new customers and boost sales.
6. Charging Infrastructure
Tesla’s plans for the world’s largest Supercharger station in California7 indicate the company’s commitment to developing a robust charging infrastructure. This will not only benefit current Tesla owners but also make EVs more appealing to potential buyers.
7. Strategic Market Moves
Tesla is making strategic moves to capture more market share, such as lowering the price of its cars in China and emphasizing online sales8. These strategies could significantly impact future earnings.
In conclusion, Tesla’s strong financial performance, market leadership, production growth, expansion plans, innovative product line, development of charging infrastructure, and strategic market moves position it well for a bull run
Tesla Poised to move 100% Tesla appears to have reached a support level around $200, having previously reached annual highs near $400. The prevailing upward trend is likely to persist, considering Tesla's oversold condition and indications of market exhaustion on the downside.
Moreover, given the recent surge in AI stocks, it's highly probable that Tesla will achieve the $400 target, a sentiment confidently echoed here at NIXXWORLD.
TESLA - MUSK LATE TO THE PARTY? HE IS THE PARTY! (TARGET $315)If I had to describe this analysis in one sentence, here's what I'd say: the lower the better.
In the current climate, Tesla's stock might seem volatile due to the challenges it faces, including production hurdles and market competition. However, it's essential to look beyond these short-term obstacles and recognize the underlying strengths and strategic advantages Tesla holds.
This isn't just about being bullish on Tesla without reason; it's about recognizing the company's potential to overcome current challenges and continue leading the EV revolution. As always, it's crucial to balance optimism with due diligence and consider Tesla's position within a diversified investment portfolio.
So what's on the chart? (follow the steps)
1. Liquidity Zone as a Bull Target: The liquidity zone is acting as a magnet for bulls right now. It's an area where we often see a concentration of trading activity, making it a prime target for those looking to capitalize on upward movements. This zone indicates strong interest and potential for price support, making it an attractive entry point.
2. Weekly FVG for Long-Term Entry: The Fair Value Gap (FVG) on the weekly chart is particularly noteworthy. Historically, these gaps have served as solid foundations for bullish accumulation, often marking the beginning of significant upward trends. The way the price has previously lifted off from such an area suggests it's a credible entry point for long-term investors.
3. Current Nesting in Weekly FVG: Interestingly, the price is currently sitting in another weekly FVG, which could indicate a consolidation phase before the next move up. This nesting phase is crucial as it could provide a stable base from which the price might springboard.
4. Weekly Flag Pattern: While I typically don't trade based on flag patterns, it's hard to ignore the large weekly flag formation here. Even if one doesn't trade these patterns directly, they offer a good visual representation of the current price movement and the potential continuation of the trend.
5. Reaction to CPI Data and FED Rates: The upcoming CPI data will be pivotal, especially with the Federal Reserve's current hesitation to cut rates in March. A large leg down into the FVG could potentially mark the bottom, but much depends on how the CPI data plays out, influencing the Fed's stance on interest rates.
6. Second Potential Long-Term Entry: Given the rough patch and the potential bottom formation, there's a second viable entry point for long-term believers in Tesla. The key is to get in before the tide turns too positively, as waiting for good news could mean missing out on significant gains, much like what happened with Meta's 20% surge post-news.
7. Targeting Premium Areas from Discounted Entries: The strategy here is to buy at a discount with the aim of moving towards a premium. This means entering the market at current levels, which are perceived as undervalued, and holding with a view toward future gains as the market re-evaluates Tesla's worth.
In essence, for those who believe in Tesla's fundamentals and long-term prospects, the current market conditions present a series of strategic entry points.
As always, I hope you appreciate the work put in and have a great Sunday! ;)
TSLA 420 Potential TSLA in a major wedge, and the move outside of that is huge in both directions. It looks like it is breaking to the topside, but hard to say. I'd watch the trends closely.
There are a lot of ways this could go, but maybe something like this?
The End of a Tesla Era! Tesla missed on earnings. Huge decline for this leading EV stock.
Tesla was already getting oversold on the daily chart, & now with this decline its a salavating opportunity for day traders.
I still think the true swing trade level is a bit lower from here. This weekly close will tell us more.
We have included an analysis of the XLY sector (Consumer Discretionary). We discuss 3 signals that have only ever happened over a 25 year period. The weekly Golden Cross.
Often this Weekly Golden cross is bullish long term but historically weak price follows in the short term.
